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Washington Trust Finances $6.45 Million Parking Garage

Parking Located in Providence Near Trinity Repertory Company, Hasbro Office Building,
& the Dunkin Donut Center

Westerly, Rhode Island... Washington Trust’s Commercial Real Estate Group recently provided $6.45 million in financing to Civic Center Parking Associates LLC for Civic Center Parking, a 438-space, five-story parking garage, and its two adjacent 39-space parking lots. Civic Center Parking is located at 165-191 Washington Street, Providence, RI, adjacent to Trinity Repertory Company and is directly across from Hasbro’s new office building. The two parking lots are located at 143 Washington Street and 132 Fountain Street in Providence, RI.

“Civic Center Parking provides convenient parking for people who work in the City of Providence, or patronize the restaurants, shops and entertainment facilities in the Downcity Arts District,” said Joseph J. MarcAurele, Washington Trust Chairman and Chief Executive Officer.

Washington Trust's Commercial Real Estate Group provides commercial real estate mortgages for the construction, refinancing, or purchasing of investment real estate projects. Financing ranges in size from several hundred thousand dollars up to multi-million dollar projects. For more information, contact Laurel L. Bowerman, Vice President, Commercial Real Estate Group, 1-800-475-2265 ext. 1538, or llbowerman@washtrust.com.

Founded in 1800, Washington Trust is one of New England’s premier financial services companies, providing commercial banking, personal banking, mortgage banking, and wealth management services to individuals and institutions throughout the region. Our Commercial Banking Group offers a full line of commercial and industrial lending, commercial real estate, and cash management services to borrowers throughout the Northeast. Our team of experienced professionals are dedicated to providing customized, comprehensive financing and personalized services. The Washington Trust Company is a subsidiary of Washington Trust Bancorp, Inc., (NASDAQ Global Select, symbol: WASH).

MEDIA CONTACT: Elizabeth B. Eckel, Senior Vice President, Marketing
TELEPHONE: 401-348-1309
EMAIL: ebeckel@washtrust.com
DATE: January 7, 2014

The Washington Trust Company
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